Other Real Estate Owned

9 Months Ended

Sep. 30, 2020

Banking and Thrift [Abstract]

Other Real Estate Owned

NOTE F - OTHER REAL ESTATE OWNED

The following table explains changes in OREO during the nine months ended September 30, 2020 and 2019:

(Dollars in thousands)	OREO
Balance at December 31, 2019	$	46,591
Additions	18,428
Acquired in business combinations	9,813
Sales	(18,645)
Write-downs/losses	(3,398)
Balance at September 30, 2020	$	52,789
Balance at December 31, 2018	$	48,030
Additions	15,426
Acquired in business combinations	3,613
Sales	(17,595)
Write-downs/losses	(3,221)
Balance at September 30, 2019	$	46,253

At September 30, 2020 and December 31, 2019, BancShares had $8.5 million and $14.5 million, respectively, of foreclosed residential real estate property in OREO. The recorded investment in consumer mortgage loans collateralized by residential real estate property in the process of foreclosure was $27.0 million and $23.0 million at September 30, 2020 and December 31, 2019, respectively. Net gains recorded on the sale of OREO properties were $1.0 million and $872 thousand for the nine months ended September 30, 2020 and September 30, 2019